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ONGC Says Q1 Net Hit by Write-offs, Subsidy Payment

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  • Published On: August 14, 2014
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Aloke Kumar Banerjee, director of finance at ONGC says exploration-related write-offs more-than-doubled to Rs 3,828 crore in the June quarter, hurting profits. Heavy subsidies on crude sales to state-run refiners also impacted profits, he added.

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